The Mortenson Family Foundation

Organization Overview

The Mortenson Family Foundation is located in Minneapolis, MN. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mortenson Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Mortenson Family Foundation generated $34.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.1% each year . All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 35.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Mortenson Family Foundation has awarded 477 individual grants totaling $18,290,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

NONE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Okabena Advisors
$80,234
Ubs Financials Services Inc
$412,040
Lansing Group Llc
$318,060
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $24,882,303
Interest on Savings $9,228
Dividends & Interest $2,803,450
Net Rental Income$0
Net Gain on Sale of Assets $6,079,050
Capital Gain Net Income $6,079,050
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $896,864
Total Revenue $34,670,895

Grants Awarded

Over the last fiscal year, The Mortenson Family Foundation has awarded $9,707,500 in support to 188 organizations.

Grant RecipientAmount

UNIVERSITY OF MINNESOTA FOUNDATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: SUPPORTING STUDENTS TO ACHIEVE A QUALITY EDUCATION

$5,000,000

UNIVERSITY OF MINNESOTA FOUNDATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: SUPPORTING STUDENTS TO ACHIEVE A QUALITY EDUCATION

$500,000

Rochester, MN

PURPOSE: INSPIRING HOPE AND PROMOTING HEALTH THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION AND RESEARCH.

$250,000

REGENTS OF THE UNIVERSITY OF COLORADO

PURPOSE: THE MORTENSON CENTER IN ENGINEERING FOR DEVELOPING COMMUNITIES HELPS PEOPLE AROUND THE WORLD BY TRAINING THE NEXT GENERATION OF PRACTITIONERS IN GLOBAL ENGINEERING TO POSITIVELY IMPACT VULNERABLE COMMUNITIES THROUGH IMPROVED DEVELOPMENT AND PRACTICE.

$200,000

MACALESTER COLLEGE

PURPOSE: SINCE ITS FOUNDING IN 1874, MACALESTER HAS PROVIDED STUDENTS THE INSPIRATION, INSIGHT AND EXPERIENCE TO BECOME SUCCESSFUL AND ETHICAL LEADERS. CLASSES ARE TAUGHT BY FACULTY WHOSE PASSION IS TEACHING AND WHOSE SCHOLARSHIP GAINS NATIONAL RECOGNITION.

$150,000

NORTHSIDE ACHIEVEMENT ZONE

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: MEETING THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF NORTH MINNEAPOLIS CHILDREN AND YOUTH TO PROMOTE EDUCATIONAL ACHIEVEMENT AND LIFE SUCCESS

$150,000
View Grant Profile

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